KATHMANDU: The year–on–year consumer price inflation remained at 6.83% in mid-June 2023 compared to 8.56% a year ago, according to the current macroeconomic and financial situation of Nepal based on 11 months’ data of the current fiscal year 2022/23 issued by Nepal Rastra Bank (NRB).
Food and beverage inflation stood at 5.66% while non-food and service inflation rose to 7.76% in the review month.
Under the food and beverage category, y-o-y price index of spices sub-category increased 35.29%, restaurant and hotel 14.36%, cereal grains and their products 13.06%, milk products and eggs 10.98% and tobacco products 8.49% while y-o-y price index of ghee and oil sub-category decreased 16.60%.
Under the non-food and services category, y-o-y price index of the recreation and culture sub-category increased 15.75%, education 10.56%, miscellaneous goods & services 9.33%, housing & utilities 8.41% and furnishing & household equipment 7.83%.
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Source: NRB[/caption]
In the review month, consumer price inflation in the Kathmandu Valley, Tarai, Hill and Mountain surged to 7.19%, 6.93%, 6.28% and 6.39% respectively. Inflation in these regions was 8.32%, 8.29%, 9.28% and 8.92% respectively a year ago.
Wholesale Price Inflation The y-o-y wholesale price inflation increased 3.10% in the review month compared to 14.77% a year ago. The y-o-y wholesale price of consumption goods, intermediate goods and capital goods increased 1.03%, 4.09% and 4.15% respectively. The wholesale price of construction materials increased 1.04% in the review month. Current Macroeconomic and Financial Situation of Nepal Based on 11 Months data 2022-23 READ ALSO:
Source: NRB[/caption]
In the review month, consumer price inflation in the Kathmandu Valley, Tarai, Hill and Mountain surged to 7.19%, 6.93%, 6.28% and 6.39% respectively. Inflation in these regions was 8.32%, 8.29%, 9.28% and 8.92% respectively a year ago.
| year–on–year consumer price inflation (percent) | |||
| Mid-Month | |||
| Particulars | May/June 2022 | Apr/May 2023 | May/June 2023 |
| Overall Inflation | 8.56 | 7.41 | 6.83 |
| Food and Beverage | 7.43 | 5.54 | 5.66 |
| Non-food and Service | 9.44 | 8.89 | 7.76 |
Wholesale Price Inflation The y-o-y wholesale price inflation increased 3.10% in the review month compared to 14.77% a year ago. The y-o-y wholesale price of consumption goods, intermediate goods and capital goods increased 1.03%, 4.09% and 4.15% respectively. The wholesale price of construction materials increased 1.04% in the review month. Current Macroeconomic and Financial Situation of Nepal Based on 11 Months data 2022-23 READ ALSO:
Published Date: July 10, 2023, 12:00 am
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